China Battery Maker CATL Plans IPO to Fund Expansion

Newswire

* Says aims to complete IPO by end-June 2018 * China electric car market growing fast * Biggest IPO by non-financial private firm on mainland * IPO would value the firm at around $20 billion (Adds expected timeline for IPO completion, other details) By Adam Jourdan SHANGHAI, Nov 14 (Reuters) - Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL) is planning a $2 billion IPO in Shenzhen, aiming to boost its financial muscle amid a global battle for a share of the ...

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